Petroleum Exporting Countries Archives

UAE to exit OPEC as Iran war reshapes global oil supply

April 28, 2026

(World Oil) – The United Arab Emirates will leave OPEC and its wider alliance, OPEC+, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war. The UAE’s exit May 1 after six decades of membership is a significant loss for the group, which

Oil rises 1% ahead of OPEC+ meeting

September 2, 2025

(Investing.com)– Oil prices rose on Tuesday ahead of an upcoming OPEC+ meeting on Sunday, in which analysts expect the group will not unwind remaining voluntary cuts. Brent crude was up 72 cents, or 1.06%, at $68.87 a barrel by 11:07 a.m. EDT (1507 GMT). U.S. West Texas Intermediate crude was at $65.34 a barrel, $1.33 or 2.08% higher. WTI futures did not settle

Petroleum Exporting Countries

UAE to exit OPEC as Iran war reshapes global oil supply

Oil rises 1% ahead of OPEC+ meeting

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